New Gold Sees 2% Annual Increase in Q4 Gold Output
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New Gold Inc. (NGD) reported a 2% annual increase in Q4 gold output, with a total production of 298,303 ounces in 2024. This is slightly below their guidance due to a technical issue at the Rainy River site.
January 10, 2025 | 9:15 pm
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New Gold Inc. reported a 2% increase in Q4 gold output, producing 298,303 ounces in 2024, slightly below their guidance due to a technical issue at Rainy River.
The reported gold production is slightly below the company's guidance due to a technical issue, which may cause a neutral short-term impact on NGD's stock price. The increase in production is positive, but missing guidance could offset this.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100